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Saturday, 11 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3211:
The relationship which subsists between between two or more persons carrying on a business with a view to profit" is
  • A Cooperative society
  • B Partnership
  • C Public limited company
  • D Credit union
View Answer & Explanation
Question 3212:
Rights issue is the
  • A Individual's right to be issued shares n subscription
  • B Right of shareholders to voteon issues
  • C Preferntial right to returns on shares
  • D Shares offered to existing shareholders at a cheaper price
View Answer & Explanation
Question 3213:
Which of the following pieces of information would be found in a typical debit note
  • A Customer code
  • B Date of invoice
  • C Brief reason for the debit
  • D E & O.E
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Question 3214:
The completion of the production process by grading and branding of goods is a function of the
  • A Transporter
  • B Wholesaler
  • C Retailer
  • D Consumer
View Answer & Explanation
Question 3215:
The development of commerce was encouraged by the desire to
  • A Get goods and services of others
  • B Work with others
  • C Create wealth for the nation
  • D Satisfy all wants and needs
View Answer & Explanation